||1 of 1 people found the following review helpful.| Stimulating, worthwhile, not entirely convincing in a few passages but overall deep and thoughtful|By Phil O.|I am ready to concede that the world could well benefit from a broader range of more risky instruments available to more people. This basic idea attracted me to this book. However, that is not the same as saying the authors "close the sale" completely by the means used||"Did you know that the modern insurance industry is a direct outgrowth of gambling? Did you know that poker provided one of the most important sources of capital for penniless Western frontiersmen in the United States? Did you know that major opera houses of
Although financial markets often try to distance themselves from gambling, the two factors have far more in common than usually thought. When, historically, there were no financial institutions such as banks, lotteries constituted the ways by which expensive items were disposed of, and governments raised money quickly. Gambling tables fulfilled roles that venture capital and banking do today. 'Gamblers' created clearinghouses and sustained liquidity. When those gamblers...
[PDF.rc61] A World of Chance: Betting on Religion, Games, Wall Street Rating: 3.79 (769 Votes)
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